Community West Bancshares (NASDAQ:CWBC) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Shares of Community West Bancshares (NASDAQ:CWBC) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $22.42 and traded as high as $22.71. Community West Bancshares shares last traded at $22.55, with a volume of 105,519 shares.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Zacks Research lowered Community West Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 16th. DA Davidson upped their target price on shares of Community West Bancshares from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Community West Bancshares in a research note on Monday, December 29th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Community West Bancshares from $23.00 to $25.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 31st. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.33.

Community West Bancshares Price Performance

The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.17. The firm has a market cap of $432.26 million, a P/E ratio of 11.28 and a beta of 0.91. The company has a fifty day moving average price of $23.60 and a two-hundred day moving average price of $22.42.

Community West Bancshares (NASDAQ:CWBC) last issued its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.03. The business had revenue of $32.89 million during the quarter, compared to analyst estimates of $38.38 million. Community West Bancshares had a return on equity of 9.94% and a net margin of 19.45%. Equities analysts anticipate that Community West Bancshares will post 2.15 earnings per share for the current year.

Community West Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, February 6th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Friday, February 6th. Community West Bancshares’s dividend payout ratio is 24.00%.

Institutional Trading of Community West Bancshares

A number of institutional investors have recently modified their holdings of CWBC. Elevation Point Wealth Partners LLC grew its holdings in shares of Community West Bancshares by 75.6% during the second quarter. Elevation Point Wealth Partners LLC now owns 25,458 shares of the financial services provider’s stock worth $497,000 after buying an additional 10,961 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Community West Bancshares by 65.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,795 shares of the financial services provider’s stock valued at $162,000 after acquiring an additional 3,090 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Community West Bancshares by 75.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,237 shares of the financial services provider’s stock valued at $63,000 after acquiring an additional 1,393 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Community West Bancshares during the 2nd quarter worth approximately $46,000. Finally, Russell Investments Group Ltd. grew its stake in shares of Community West Bancshares by 623.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,983 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 1,709 shares in the last quarter. 33.80% of the stock is currently owned by institutional investors.

Community West Bancshares Company Profile

Community West Bancshares, Inc is the bank holding company for Community West Bank, headquartered in Goleta, California. Through its wholly owned subsidiary, the company offers a full suite of commercial and consumer banking services. Community West Bancshares focuses on providing personalized financial solutions to small and mid-sized businesses, professional practices, and individual customers in its service area.

The company’s product portfolio includes a variety of deposit accounts—such as business checking, savings and money market accounts—along with online and mobile banking capabilities.